eToro Team
πŸ”” π€π­π­πžπ§π­π’π¨π§ Please be aware of a right offering that took place on $PFC.L (Petrofac) πŸ‘‰ π–π‘πšπ­ 𝐒𝐬 𝐚 𝐫𝐒𝐠𝐑𝐭𝐬 𝐨𝐟𝐟𝐞𝐫𝐒𝐧𝐠? A rights offering is where existing shareholders are given the option to buy further shares, in proportion to their current holdings. These rights may be traded as normal shares up until the date that the new shares can be purchased. Often, a rights offering dilutes a company's net profit across more shares and can (but will not always) bring down share prices. πŸ‘‰ 𝐇𝐨𝐰 𝐝𝐨 𝐰𝐞 𝐚𝐜𝐭 𝐟𝐨π₯π₯𝐨𝐰𝐒𝐧𝐠 𝐚 𝐫𝐒𝐠𝐑𝐭𝐬 𝐨𝐟𝐟𝐞𝐫𝐒𝐧𝐠? eToro reviews the terms of the offering and provides users holding the relevant stock with a cash dividend equal to the value of the offered shares. It’s important to note that once the funds are added to your account, they may be seen immediately on the portfolio’s history page, or in the account statement the day after the funds are added. Thank you. - The eToro team
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